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Philly Fed Index Inches Higher But Remains Negative In October

Por: RTTNews Business October 20, 2022

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The Federal Reserve Bank of Philadelphia released a report on Thursday showing a continued contraction in regional manufacturing activity in the month of October.The Philly Fed said its diffusion index for current activity inched up to a negative 8.7 in October from a negative 9.9 in September, but a negative reading still indicates a contraction. Economists had expected the index to climb to a negative 5.0.The uptick by the headline index... + full article



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